[moneydance] balancing an account - the basics

[Phil Kane]

On Mon, 26 Mar 2007 11:12:37 -0500, Fuzzy Fox wrote:

>> 2) Where does the very first opening balance come from?

>It is the sum of all your "cleared" (checkmarked) transactions.
>Therefore it is the result of all your previous balancing.

  I think that Rob meant "what to do with the zero opening
  balance on the very first reconciliation".

  I started MD after using QB Pro for several years, so I made
  sure that I knew my exact account status at the time I started.
  The very first entry in each MD account was the existing
  balance in the corresponding QB account, recorded as a Deposit,
  or recorded as a Payment id the account status is negative.

  When you do your first reconciliation, it will show up in the
  appropriate column. and you go from there.

--
   Phil Kane

   From a Clearing in the Silicon Forest
   Beaverton (Washington County)  Oregon